{"id":105989,"date":"2020-10-20T15:51:50","date_gmt":"2020-10-20T14:51:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105989"},"modified":"2020-10-20T15:51:50","modified_gmt":"2020-10-20T14:51:50","slug":"104591-aud-usd-dovish-rba-brings-0-70-into-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\/","title":{"rendered":"AUD\/USD: Dovish RBA brings 0.70 into focus"},"content":{"rendered":"<ul>\n<li><strong>AUD\/USD weighed down dovish RBA minutes &amp; Kent\u2019s comments<\/strong><\/li>\n<li><strong>US dollar stays strong as\u00a0 US stimulus hopes fade.<\/strong><\/li>\n<li><strong>Sept low 0.7006 in focus, even though\u00a0 US futures are pushing higher.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">AUD\/USD extends losses into a 5<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> straight session targeting the September low of 0.7006. The pair currently trades near 0.7030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bets for a November rate cut and or bond-buying expansion grew\u00a0 after the Reserve Bank of Australia\u2019s (RBA) Deputy Governor Dr. Chris Kent and the minutes from the October meeting minutes indicated that more easing is on its way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adding pressure, the\u00a0 US dollar holds overnight gains as optimism surrounding the US fiscal stimulus deal before the election fade, even though there has been a narrowing of differences between the House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Weaker than forecast Chinese economic expansion is also a cause\u00a0 for concern for the AUD buyers. The major is vulnerable to further downside risks heading into Tuesday\u2019s US stimulus deadline. The advance in S&amp;P 500 futures does little to help the Aussie amid jittery market sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD weighed down dovish RBA minutes &amp; Kent\u2019s comments US dollar stays strong as\u00a0 US stimulus hopes fade. Sept low 0.7006 in focus, even though\u00a0 US futures are pushing higher. AUD\/USD extends losses into a 5th straight session targeting the September low of 0.7006. The pair currently trades near 0.7030. Bets for a November rate [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3825,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1398],"class_list":["post-105989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd","tag-aud","tag-aud-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD: Dovish RBA brings 0.70 into focus - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Dovish RBA brings 0.70 into focus\",\"datePublished\":\"2020-10-20T14:51:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/\"},\"wordCount\":185,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100156-gbp-aud-drop-reaction.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104591-aud-usd-dovish-rba-brings-0-70-into-focus\\\/\",\"name\":\"AUD\\\/USD: Dovish RBA brings 0.70 into focus - 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